Area Homeowners Still Waiting For Tax Relief Says Chronicle: Appraisals the problem (See Ad valorem taxation)

With the recent city council vote on implementation of another taxing zone which relies on ad valorem taxation in Missouri City and a 5%+ property tax increase voted in almost 8 weeks ago too by council. This chronicle piece may prove interesting. See this quote and click the title link above for more:

"Ever-rising property values will continue to eat up tax savings, Harris County Tax Assessor-Collector Paul Bettencourt warned. He advocates a much tighter cap on yearly residential appraisal increases than the current 10 percent limit.

"Here's the bottom line that everyone has to recognize — the tsunami force in property taxes is appraised value increases," Bettencourt said."

Stay informed and keep in touch!